Nerdwallet, Inc. balance sheet
At the end of fiscal 2025, Nerdwallet, Inc. had total assets of $461m, total liabilities of $86.6m and shareholders' equity of $375m. It held $98.3m in cash against $6.9m of debt: net cash of $91.4m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 68 | 83 | 168 | 84 | 100 | 66 | 98 | 62 |
| Receivables | — | 37 | 58 | 87 | 76 | 102 | 111 | 114 |
| Total current assets | — | 129 | 243 | 189 | 198 | 197 | 245 | 201 |
| Goodwill | 0 | 44 | 44 | 111 | 112 | 112 | 124 | 136 |
| Total assets | — | 255 | 364 | 426 | 419 | 438 | 461 | 418 |
| Accounts payable | — | 5 | 3 | 4 | 2 | 9 | 5 | 13 |
| Deferred revenue (current) | — | — | — | 0 | 4 | 0 | — | — |
| Total current liabilities | — | 24 | 66 | 72 | 37 | 60 | 71 | 77 |
| Long-term debt | — | 30 | 0 | — | — | — | — | — |
| Total debt | 0 | 30 | 0 | 70 | 0 | 3 | 7 | 0 |
| Total liabilities | — | 104 | 107 | 84 | 52 | 73 | 87 | 92 |
| Shareholders' equity | 8 | 83 | 258 | 342 | 367 | 364 | 375 | 326 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 69 | — | — | — | — | — | — |
| Net debt (negative = net cash) | −68 | −53 | −168 | −14 | −100 | −64 | −91 | −62 |
| Shares outstanding | — | 49m | — | 75m | 77m | 74m | 71m | 64m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 103 | 102 | 120 | 98 | 122 | 111 | 113 | 114 |
| Total current assets | 194 | 197 | 242 | 239 | 275 | 245 | 206 | 201 |
| Goodwill | 112 | 112 | 113 | 116 | 116 | 124 | 136 | 136 |
| Total assets | 402 | 438 | 475 | 476 | 493 | 461 | 432 | 418 |
| Accounts payable | 12 | 9 | 24 | 12 | 14 | 5 | 7 | 13 |
| Deferred revenue (current) | — | 0 | — | — | — | — | — | — |
| Total current liabilities | 67 | 60 | 90 | 69 | 74 | 71 | 80 | 77 |
| Total liabilities | 80 | 73 | 103 | 86 | 90 | 87 | 96 | 92 |
| Shareholders' equity | 322 | 364 | 372 | 390 | 402 | 375 | 336 | 326 |
| Shares outstanding | 74m | 74m | 74m | 75m | 75m | 71m | 66m | 64m |
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